CMA Comerica PE ratio, current and historical analysis
The PE ratio for Comerica stock stands at 17.1 as of Nov 21, 2024. This results from the current EPS of $4.03 and stock price of $68.9. An increase of 50% has been seen in the P/E ratio compared to the average of 11.4 of the last 4 quarters.
CMA PE ratio history
Over the last ten years, the average PE ratio of Comerica has been 12.49. The current 17.1 PE ratio is 37% above the historical average. Over the past ten years, CMA's PE ratio was at its highest in the Dec 2016 quarter at 24.86, with a price of $68.11 and an EPS of $2.74. The Jun 2023 quarter recorded the bottom point at 4.39, with a price of $42.36 and an EPS of $9.66.
Comerica PE ratio by year
Maximum annual increase: 80.09% in 2020
Maximum annual decrease: -54.19% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 8.63 | 10.5% |
| 2022 | 7.81 | -24.17% |
| 2021 | 10.3 | -36.38% |
| 2020 | 16.19 | 80.09% |
| 2019 | 8.99 | -4.36% |
| 2018 | 9.4 | -54.19% |
| 2017 | 20.52 | -17.46% |
| 2016 | 24.86 | 74.09% |
| 2015 | 14.28 | 0% |
| 2014 | 14.28 | -12.29% |
CMA average PE ratio chart
CMA's current P/E ratio is above the 3, 5 and 10-year historical averages.
CMA PE vs peers
CMA's PE ratio is lower than its peer stocks PNC and KEY, but it is greater than JPM's and BAC's. Comerica's current PE ratio of 17.1 is above the average of its peers, which is 15.82.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ONB Old National Bancorp | 12.75 | $6.75B |
| JPM Jpmorgan Chase & Co | 13.59 | $689.08B |
| RF Regions Financial Corp | 15.11 | $24.3B |
| WFC Wells Fargo & Company | 15.33 | $249.15B |
| BAC Bank Of America Corp | 16.71 | $356.48B |
| HBAN Huntington Bancshares Inc | 16.94 | $25.6B |
| CMA Comerica Inc | 17.1 | $9.06B |
| WSBC Wesbanco Inc | 17.25 | $2.41B |
| CFR Cullen/Frost Bankers Inc | 17.31 | $8.95B |
| PNC Pnc Financial Services Group Inc | 17.38 | $81.64B |
| KEY Keycorp | 1,922 | $19.05B |
Frequently asked questions
What is Comerica's PE ratio?
As of Nov 21, 2024, CMA stock has a price to earnings ratio of 17.1.
What is the 3-year average PE ratio for Comerica (CMA)?
As an average over the last 3 years, CMA stock has a PE ratio of 9.12.
What is the 5-year average PE ratio for Comerica (CMA)?
As an average over the last 5 years, CMA stock has a PE ratio of 9.45.
What is the highest PE ratio for CMA?
Over the last ten years, the quarterly PE ratio reached a historic high of 24.86 in the Dec 2016 quarter.
How does the current PE ratio for CMA compare to its historical average?
CMA's price to earnings ratio is currently 37% above its 10-year historical average.
How is CMA's PE ratio calculated (Comerica PE ratio formula)?
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Nov 21, 2024), Comerica's stock price is $68.9. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $4.03. Therefore, Comerica's P/E ratio for today is 17.1. PE RATIO(17.1) = STOCK PRICE($68.9) / TTM EPS($4.03)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.